Securing The System
Banks need to do a lot of work to secure their systems and customer data.
It has dawned on banks that they need to tap the innovative capabilities of financial technology (fintech) start ups to stay competitive. They are opening up their systems, or core banking platforms, for plug ins with fintech players. The banks claim its helping them expand the financial services network and incubating new set of capabilities for lenders. Still, the marriage of convenience comes with its set of challenges. Increasingly, data security concerns and privacy issues are coming to the
